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Egyptian rice farmers say a new Nile mega-dam downstream is causing hardship, and some may leave land fallow rather than switch to cotton or corn, which need different machinery and techniques. Planting typically begins at the end of April.
Reduced Egyptian rice plantings have little effect on global feed grain supply. The story is a regional water and farming issue with minimal price impact.
reuters.comEric KnechtApr 23, 2018
voanews.comReutersApr 25, 2018After 12 past bullish geopolitics events, Rough Rice moved a median +1.6% over 5 sessions (58% higher; middle half -0.5% to +6.8%), and +5.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
